Economic Wellbeing

Social wellbeing and economic wellbeing go hand in hand in the Aerotropolis. We are an international meeting area, business people from around the world meet hassle free in the city. The city profits from synergies with everyone living close by. When I think back to the beginning of my career in 2016 we thought the world has reached the height of globalisation, little did we know that with the advance in technology globalisation could go so much further. The term that describes the situation today in 2050 the best is “economies of speed” with the key words being time and cost of connectivity. Today’s businesses rely on distant suppliers and customers for trade. The airport city offers business competitive advantages towards international players with the speed and agility of transporting people and goods. The city offers state of the art meeting solutions making MICE tourism a key income for the Aerotropolis.

As a “free zone” goods and be brought into the airport area for transfer reasons and transported to further destinations without being taxed. This makes the city an attractive location for international business. For a business to be accepted into the city they have a prove knowledge over their complete supply chain. More to the supply chain can be found under social wellbeing.

By clustering international businesses in one location they can profit form industrial symbiosis – this enables companies to utilise material streams, energy, water, by-products and other assets more efficiently resulting finally in a raise in productivity. Not only do the companies’ involved profit but, resources are used longer and the demands for natural resources reduced.

Looking back

In 2016 the world used the resources as if we had another one. The idea of sustainability was slowly becoming a common subject. The younger people were able to identify more with the idea. The generation Y who were finishing degrees and working their way into managing positions were slowly changing the mind set in businesses. Businesses worked very much against one another. Production was mostly in Asia and supply chains were very much worldwide and as we were still flying with Kerosene this had huge costs on the environment.

Development

The big shock on the economic situation came when the main oil refineries cut off supply to everyone but their own country due a nearly extinct supply. Suddenly everyone had to start coming up with other ways to use energy. Of course most countries had already wind, water and solar power, however not enough to sustain a whole country. This economic shock drove the change of thinking, while some countries never recovered, we in the Aerotropolis thrived on the change.

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